For Sale
$320,000

170 Monterey WayPhoenix, AZ 85012

7,105 SF R-5 Zoned Lot, $320K

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 7,105 square foot parcel presents a remarkable development opportunity in Phoenix's vibrant Midtown area. Located between Central Avenue and 3rd Street, this R-5 zoned lot is ideally situated for new construction of professional office space or residential/multifamily units. The surrounding neighborhood showcases a mix of smaller professional office/retail buildings, larger multi-story office buildings, retail centers, restaurants, and substantial multifamily developments, indicating a thriving and diverse community. The property's proximity to 3rd Street, a planned "signature street" fostering a mixed-use district, further enhances its potential. This infill lot is particularly attractive to developers seeking to establish a presence in a rapidly evolving and highly desirable section of the Phoenix Valley, suitable for office, medical office, or multifamily projects. The property's address is 170 E Monterey Way, Phoenix, AZ 85012, with APN 118-34-060-A. This is a prime location for investors looking to capitalize on the area's significant growth and redevelopment. The asking price is $320,000.

Highlights

  • $320,000 asking price.
  • 7,105 square foot lot.
  • R-5 zoning.
  • Located at 170 E Monterey Way, Phoenix, AZ 85012 (APN 118-34-060-A).
  • Midtown Phoenix location between Central Ave and 3rd Street, ideal for office or multifamily development.

Property Details for 170 Monterey Way

Property type
Land

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.485301021397
Longitude
-112.07083239319
170 Monterey Way, Phoenix, Arizona

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170 Monterey Way
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